Be sure you get the inspector to state which things they believe must be 5 years or older and share the report on the Realtors Facebook page.
this post was submitted on 18 May 2024
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Get it inspected. And next time you buy a house, try to get the seller to pay for the inspection as part of closing. They probably will.
that realtor did you dirty. "I looked around and it was fine"?? please don't use them ever again. that's sketchy and dishonest. no reputable realtor without something to hide would say that. I would report them to the state realtor board.
get the inspection. and when it's time to sell, get another one.
I mean 30 year old me recognizes that was a super weird thing to say.
25 year old me felt super over his head anyway.
But I'm getting an inspector! Don't you fret!
Who convinced you? The owner? F that, always always ALWAYS get an independent inspection.
My realtor :(
I was 25 and very overwhelmed by it all.
I love my house, it seems perfect still several years later and I've only had to do some minor repairs.
But I'll get one to make sure no dangers are lurking where me and my handy man can't see!
Get it inspected. It's better and cheaper to fix any issues sooner rather than later.
Uhhhhhh. You paid for a house without getting it inspected? I'm shocked you were able to get homeowners insurance without one.
The entire point of getting an inspection done is to save yourself money. Find someone local who's thorough and have them go over the house and look for any issues, it'll be cheaper to fix them now rather than after something fails and there's major damage.
Depends on where you live.
The bank will often send an inspector for a loan, but it's literally him just walking around and validating there is a house and it's not in shambles. He'll look at things like the roof from the outside and when it was redone, but isn't going to hop into your crawlspace to look for signs of water damage.
Then you have the "private" inspection company that you can pay to check your home for yourself. These companies are know to cost a lot of money, often detailing things they can't be sure are "risks". They'll go in the crawlspace and note all sorts of things.
On my house the expensive private inspection said "the roof here is kinda saggin and there's a bump there, it could be anything". In the same report he accidentally shows a picture from under the roof where you can see there was a repair and some extra framing, causing the small "bump" that is purely aesthetic. Didn't mention that part.
Getting someone to look at it post purchase is likely going to be much cheaper, and I'm definitely not recommending people don't get inspections when buying houses if they don't know what they're doing.
For my first house, the bank's inspector literally stopped his van in the middle of the road, took some pictures with his cell phone through the driver's window, and drove off. He never even left his vehicle.
Pretty much all my bank inspector did as well. He didn't even inspect the electrical outlets because there was furniture in the way that he couldn't be arsed moving.
My paid for inspection was done by a different person and they did all sorts. He even pointed out that the hole in the roof, was a hole in the roof, which was very helpful. The bank inspector never even noticed the hole.
The housing market was silly for awhile. Lots of homes basically had a clause of "If inspection done, no sale"
Yeah, that's a trap. We signed a letter of intent on one place and had an inspector run through it before we committed to an offer - it's fortunate that we did too, there was serious water damage to the house that the owners were trying not to disclose.
The shit thing about the market for a couple of years is that properties were marked up by 40-50% over about 5y and many of them had next to no work done, or they got the Lowe's sale flipper special and looked terrible after.
I was looking during that rush, and did my own inspections. Every single place, I asked questions that resulted in a “NEXT!” from the seller. Never even got to the point where I’d have called in an outside party. Looked at around 30 houses.
Ended up buying a new build instead; still had things the inspectors missed, but nothing huge.
There are at-least 2 good books on house-inspecting.
( looking .. dayum, there's zillions of books on it, now.. )
https://www.amazon.com/Inspecting-House-Pros-Rex-Cauldwell/dp/1561584622/
is the one I invested-in, years ago ( not to do house-inspection, just to learn the competence of it )
Please invest in that book, or an equivalent to it, and make your own inspection of the house, 1st.
Then you'll have much better understanding of the entire subject.
_ /\ _
It's not crazy. You should get one every so often just in case. Better to find a small problem now than a big problem later.
I'm more shocked that you could buy the house without an inspection. My bank required one to give me a loan.
Lol yeah surprised inspection wasn't required.
"Realtor said it's cool" would be a red flag to most financial institutions and buyers. Like, now I'm suspicious as hell that OP got sold a lemon and just hadn't realized it yet.
Well even the land itself is worth more than I paid, and 5 years of no problems is a great start. But will find a good inspector and see if I really did get that lucky!
Is the land actually worth more than the property or were you just told that? Because if that was actually true then the sensible thing would have been for a developer to have bought the property to demolish it.
If a property is on expensive land then the value of the property goes up. So I would be highly suspicious of that claim.
The land it's on is "currently" more expensive than what I paid for it 5 years ago. Just recently got an appraisal done.
If I tried to buy this house now with my income the bank would laugh at me.
Sorry to anyone who didn't buy a house pre - covid :(
Totally. Our house is worth almost double what we paid for it before the pandemic. And during one of the lockdowns, we refinanced to a 15-year mortgage at the same monthly payment as our 30-year had been. All of which means that if we were trying to buy this year, we'd be paying four times as much over the span of the loan.
Golden handcuffs, though. We can't move for the next ten years now. Thankfully we don't want to.
What? Refinancing means you have to stay at the home and can't sell?
Not at all. We're free to move whenever we like, legally. There's nothing in the contract that says we can't. But if we did, any mortgage we'd get wouldn't have our current (really good) interest rate, and we'd have to pay post-2021 home prices for wherever we'd move to. Like I said, we'd end up paying four times as much over the span of the loan for an equivalently-priced home.
Which is a choice that we could make. But absent a really good reason to move that would offset that massive financial incentive to stay, we're stuck here until we pay it off unless we're willing to take that huge financial hit.
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